China Jo-Jo Drugstores, Inc. (NASDAQ:CJJD – Get Free Report) was the recipient of a significant growth in short interest during the month of June. As of June 15th, there was short interest totalling 7,100 shares, a growth of 69.0% from the May 31st total of 4,200 shares. Based on an average daily volume of 9,400 shares, the short-interest ratio is presently 0.8 days. Currently, 0.1% of the company’s stock are sold short.
China Jo-Jo Drugstores Price Performance
Shares of CJJD remained flat at $2.21 during mid-day trading on Friday. The stock had a trading volume of 7,076 shares, compared to its average volume of 4,143. China Jo-Jo Drugstores has a 52 week low of $1.56 and a 52 week high of $4.70. The business’s fifty day moving average price is $2.60 and its 200-day moving average price is $3.24.
Analysts Set New Price Targets
Separately, StockNews.com started coverage on China Jo-Jo Drugstores in a research report on Sunday, June 23rd. They set a “sell” rating for the company.
About China Jo-Jo Drugstores
China Jo-Jo Drugstores, Inc, together with its subsidiaries, operates as a retailer and distributor of pharmaceutical and other healthcare products in the People's Republic of China. The company operates through four segments: Retail Drugstores, Online Pharmacy, Drug Wholesale, and Herb Farming.
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